ST. BERNARD PARISH HOME MORTGAGE AUTHORITY
Accepting Applications from First-Time Homebuyers
For a Soft Second Mortgage and a Grant
The St. Bernard Parish Home Mortgage Authority is taking applications for a CDBG Soft Second Mortgage Program that offers qualified Homebuyers a soft second loan of 20% of the purchase price up to $30,000 at a 0% interest rate and no monthly payments and a grant of up to $5,000 for closing costs and downpayment assistance on a need basis. The Soft Second Mortgage will be forgiven after the Homeowner has met the requirements of the program and has lived in the home for five years. The Homeowner must quality for a FHA approved First Mortgage Loan.
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